Shimadzu Corp (SHMXY) Cash Flow Statement
Where SHMXY’s cash came from and went, FY2026
March 31, 2026 · Japanese yen- Cash from operations
- ¥54.68B +5.1% vs FY2025
- Capital expenditures
- ¥14.94B 2.7% of revenue
- Free cash flow
- ¥39.74B 7.1% margin
- Returned to shareholders
- ¥19.35B 49% of free cash flow
- Change in cash
- ¥23.62B cash at year-end ¥160.84B
Drawn to scale: where the cash came from and how it was used. Hover for values.
SHMXY operating cash flow, capex and free cash flow
SHMXY cash flow trends, FY2022–FY2026
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Operating cash flow | ¥63.37BFY2022 | ¥54.68BFY2026 | −3.6%/yr | |
| Capital expenditures | ¥10.13BFY2022 | ¥14.94BFY2026 | +10.2%/yr | |
| Free cash flow | ¥53.24BFY2022 | ¥39.74BFY2026 | −7.1%/yr | |
| Free cash flow margin | 12.4%FY2022 | 7.1%FY2026 | −5.3 pts | |
| Operating cash flow / net income | 1.76FY2022 | 0.90FY2026 | −0.85 | |
| Dividends paid | ¥11.49BFY2022 | ¥19.35BFY2026 | +13.9%/yr | |
| Capex / revenue | 2.4%FY2022 | 2.7%FY2026 | +0.3 pts |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
SHMXY cash flow by activity
SHMXY net income vs operating cash flow
Operating cash flow above net income usually means earnings are backed by cash (depreciation and stock-based pay are non-cash expenses).
SHMXY cash flow statement in Japanese yen
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Operating activities | |||||
| Net income | ¥60.50B | ¥40.98B | ¥57.04B | ¥52.05B | ¥36.06B |
| Depreciation & amortization | ¥20.38B | ¥19.89B | ¥18.55B | ¥17.52B | ¥16.20B |
| Change in working capital | −¥24.87B | −¥19.58B | −¥39.80B | −¥13.26B | −¥1.90B |
| Other non-cash items | −¥1.33B | ¥10.71B | −¥5.66B | −¥8.01B | ¥13.00B |
| Cash from operating activities | ¥54.68B | ¥52.00B | ¥30.13B | ¥48.30B | ¥63.37B |
| Investing activities | |||||
| Capital expenditures | −¥14.94B | −¥15.10B | −¥15.50B | −¥16.84B | −¥10.13B |
| Investments (net) | −¥1.81B | −¥1.86B | −¥16.00B | −¥34.51B | −¥6.04B |
| Financing activities | |||||
| Dividends paid | −¥19.35B | −¥18.25B | −¥16.49B | −¥14.74B | −¥11.49B |
| Net borrowing (repayment) | −¥1.37B | −¥247.0M | ¥86.0M | −¥178.0M | −¥34.0M |
| Shares issued | ¥0 | ¥0 | ¥0 | ¥0 | ¥0 |
| Summary | |||||
| Net change in cash | ¥23.62B | −¥22.49B | ¥5.06B | −¥1.58B | ¥48.46B |
| Cash at end of period | ¥160.84B | ¥137.19B | ¥159.23B | ¥153.73B | ¥155.32B |
| Free cash flow | ¥39.74B | ¥36.90B | ¥14.62B | ¥31.46B | ¥53.24B |
| Free cash flow margin | 7.1% | 6.8% | 2.9% | 6.5% | 12.4% |
| Capex / revenue | 2.7% | 2.8% | 3.0% | 3.5% | 2.4% |
| Operating cash flow / net income | 0.90 | 1.27 | 0.53 | 0.93 | 1.76 |
Negative numbers are cash paid out. Quarterly columns are labeled by the month the quarter ended. Figures in Japanese yen as reported; data from EODHD.
SHMXY cash generation
In fiscal 2026 (ended March 31, 2026), Shimadzu generated ¥54.7 billion of cash from operations (up 5.1%) and spent ¥14.9 billion on capital expenditures, leaving free cash flow of ¥39.7 billion, 7.1% of revenue. It returned ¥19.4 billion to shareholders through dividends (¥19.4 billion) and net share buybacks (¥0). Cash and equivalents rose by ¥23.6 billion over the year.
Related: SHMXY income statement, SHMXY balance sheet, SHMXY dividend history. See the SHMXY stock overview for the latest quote and news.
SHMXY cash flow FAQ
What is Shimadzu's free cash flow?
Shimadzu's free cash flow was ¥39.7 billion in fiscal 2026: ¥54.7 billion of operating cash flow minus ¥14.9 billion of capital expenditures It was ¥36.9 billion a year earlier..
How much cash does Shimadzu generate from operations?
Shimadzu generated ¥54.7 billion of cash from operating activities in fiscal 2026, 0.90 times its net income of ¥60.5 billion.
How much does Shimadzu spend on capital expenditures?
Shimadzu spent ¥14.9 billion on capital expenditures in fiscal 2026, 2.7% of revenue, compared with ¥15.1 billion the year before.
How much does Shimadzu pay in dividends?
Shimadzu paid ¥19.4 billion in dividends in fiscal 2026, 48.7% of free cash flow.